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Monday 20 March 2023 Dublin: 13°C

# US Economy

Last year
# US Economy
US economy shrank 0.9% last quarter for its second straight drop
The decline in the gross domestic product – the broadest gauge of the economy – followed a 1.6% annual drop from January through March.
All time
# Tax Havens
Ireland second to Bermuda as 'conduit' for taxable income of US multinationals - IMF staff paper
Corporate tax avoidance is bad for the global economy, paper reports.
# US Economy
US economy suffers sharpest contraction in five years
Severe weather, weak consumer spending growth and higher imports all played a role, according to US Commerce Dept.
# you're hired
Obama names Janet Yellen as new chairman of US Federal Reserve
If confirmed by the Senate, Yellen would be the first woman to head a major central bank anywhere in the world.
# MintTheCoin
Obama rules out minting $1 trillion coin to solve US debt woes
“There are no magic tricks here,” says the President, dismissing suggestions that a $1 trillion platinum coin could be minted.
Extract: ‘China looks forward to growth, while the West teeters on the brink’
Martin Jacques says China’s ascendancy and impact is something that people should pay heed to.
# US
100 days ahead of vote: Obama ahead but vulnerable
President Barack Obama appears to have a slight edge over Republican rival Mitt Romney – but issue of the economy continues to curb his popularity.
# US Economy
Latest US jobs figures show unemployment sticking at 8.2 per cent
New data signals that the US economy is still struggling three years after the end of the recession.
# US 2012
Krugman: Elect Mitt Romney and the US will have an Irish recession
The Nobel laureate was warned against Mitt Romney’s economic policies, saving: “Ireland is America’s future”.
# Like father...
Did Obama deliberately refer to his opponent as 'George Romney'?
They do call him the ‘Teleprompter president’ – but Barack Obama raised a laugh while stumbling over the name of his rival.
# Hanging with Barack
'We should get his resume' - Obama offers help to unemployed engineer
The US president took part in an online video chat last night in which he also confirmed that the US carries out unmanned drone strikes against suspected militants in Pakistan.
# Unemployment
US unemployment at lowest point since March 2009
Unemployment drops sharply from 9 to 8.6 per cent – with 120,000 new jobs being created in the run-up to the holidays.
Shares continue rally after US records 2.5 per cent GDP growth
The US economy grew at an annual rate of 2.5 per cent in the third quarter of 2011 – averting the risk of a second recession.
# US Economy
US markets slide despite Fed's $400bn bond investment
The US Federal Reserve announces the purchase of $400bn in 6-year and 30-year bonds, hoping to drive down interest rates.
# United States
Obama unveils ambitious €320bn job stimulus plan
An under-fire president demands that Congress get to work on passing an act to tackle America’s growing unemployment.
# Markets
Global stocks dive on poor economic data, recession fears
US, Asian and European markets suffered through another hard day as fears of US economic stagnation and concerns about European banks spooked investors.
# Shutdown
Stalled US budget talks virtually stagnant
The standoff on US debt continues between Barrack Obama’s Democratic party, and the majority seat holders in Congress, the Republican party.
US debt downgraded to 'negative'
Credit ratings agency Standard and Poor’s has downgraded its outlook for the US to negative on fears country may not be able to address long-term debt issues.
# State of the Union
Obama asks new generation to face 'Sputnik moment'
In his annual State of the Union address, Barack Obama warns of the global threat to the United States’ economic power.
# Dollar
The dollar is sick
The dollar weakens as everything else goes up.
# World Economy
China now world's second-largest economy
Japan beaten into third place. How long can US remain on top?